Confused about the local housing market?
Take a glance at the visual for West Vancouver house market activity the past couple of years; the trend of sales, new listings, inventory, Sales to Active Listings Ratio, Sales to New Listings Ratio and the House Price Index!
Metrics used in real estate:
Months of Inventory (MOI) indicates how many months it would take to sell the current inventory of homes at the current rate of sales.
Sales to Active Listings Ratio (SAR) indicates the balance between supply and demand
Sales to New Listing Ratio (SNR) indicates the balance of the market
House Price Index (HPI) is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as the mean or median, average prices.
